Consequential assessment limits prevented share-premium addition, while unsecured loans required lender-wise verification under the applicable statutory burden.

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....Consequential assessment following revision directions was confined to verifying DCF share valuation and projection assumptions; because the directions did not require treating share premium as unexplained cash credit, the Section 68 addition was deleted. Where valuation exceeded fair market value, Section 56(2)(viib), subject to its conditions, was identified as the relevant provision. For AY 2014-15, the unamended Section 68 required proof of creditor identity, transaction genuineness and lender creditworthiness, not source of source. Generalised treatment of lender evidence required limited lender-wise verification, so the unsecured-loan addition was remanded without a merits determination.....